Funding you earn now, next payment 21:00 UTC−0.0240%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.004%
Price spread now: ApeX Omni against Backpack−0.031%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2552.553% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+0.438%+$44 · spread now −0.031%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2281 | 0.0340 | pay 0.0042% / 1h | 20m 49s | $37K | $162K | 5x |
| Short | ApeX Omni BERAUSDT | 0.2280 | 0.0100 | get 0.0013% / 1h | 20m 49s | $32K | $456K | 50x |
Backpack BERA_USDC_PERP
ApeX Omni BERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.31
- Price spread: −0.031% → −0.017%
- −$1.42
- Slippage, 4 orders
- −$235.26
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$307
- Costs to cover
- 2.553%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 7 min ago; ApeX Omni: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 7 min ago | 0.66 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 6 min ago | 21.88 bp | 106.1 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
BERA on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.5000% | 1h | 0.2143 | −6.038% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.2233% | 1h | 0.2279 | −0.064% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0344% | 1h | 0.2274 | −0.294% | $10K | $47K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0024% | 1h | 0.2278 | −0.118% | $4K | $2K | 5x | as long as short |
| Variational Omni BERA | +0.0061% | 4h | 0.2284 | +0.124% | $84K | $53K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2279 | −0.057% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2281 | +0.011% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2279 | −0.070% | $5.5M | $14.0M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2275 | −0.250% | $3.1M | $4.3M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2275 | −0.250% | $1.5M | $3.3M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2277 | −0.162% | $341K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2279 | −0.075% | $1.2M | $442K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2276 | −0.206% | $552K | $223K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2280 | −0.031% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2276 | −0.206% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2280 | −0.029% | $112K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDTshort | +0.0100% | 1h | 0.2280 | −0.031% | $32K | $456K | 50x | |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2278 | −0.118% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2279 | −0.061% | $372 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0158% | 4h | 0.2284 | +0.145% | $297K | $101K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2280 | −0.031% | $4K | $64K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2280 | −0.049% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0340% | 1h | 0.2281 | long leg | $37K | $162K | 5x | |
| Hyperliquid BERA | +0.0483% | 1h | 0.2283 | +0.088% | $2.9M | $1.0M | 5x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA